What is the purpose of economics? Economics was created by people in order to make important decisions about resources in our world. Resources turned out to be scarce. The scarcity appeared when humans committed sin. Everything leads to the fall of humanity.
When did the fall of humanity happen? How did it happen? What is the reason of the fall? The answers for all these questions can be found in the Bible. As we all know, God created Adam and Eve in His own image. He told them that they could eat any fruit from any tree in the garden except for one. Everything was going well at first, but then something really bad happened. One day the serpent came to Eve and told her that she should eat the forbidden fruit. He told her that she will be able …show more content…
Are there any goods that “can be produced by society in as much quantities as needed with little or zero effort? The answer is no, there aren’t. Robert J. Stonebraker in “the Joy of Economics” said: “We are surrounded by scarcity.” That means that all things around us are scarce. Non-economic goods are scarce too. Love, friendship, hope are limited too. But there is one thing that is not scarce in my opinion. It’s the love that comes from God. 1 John 4:9-11 says “In this the love of God was made manifest among us, that God sent his only Son into the world, so that we might live through him. In this is love, not that we have loved God but that he loved us and sent his Son to be the propitiation for our sins. Beloved, if God so loved us, we also ought to love one another.” God loves us unconditionally, which means He loves us for free. Is God’s love good? Yes, it is. Therefore, God’s love is a free good and it will never be …show more content…
Economics is the study of human’s decision-making. Why do we have to make decisions? We constantly have problems that need to be solved. For example, inequality in our society is a problem that economists always face. People have different opinions. Some people think everyone should be perfectly equal, others think that equal opportunities will be the solution. The resources are not distributed fairly. That’s why we need economics – to find a way how to use resources the right way and how to distribute them considering people’s needs and the fact that the resources are
When did the fall of humanity happen? How did it happen? What is the reason of the fall? The answers for all these questions can be found in the Bible. As we all know, God created Adam and Eve in His own image. He told them that they could eat any fruit from any tree in the garden except for one. Everything was going well at first, but then something really bad happened. One day the serpent came to Eve and told her that she should eat the forbidden fruit. He told her that she will be able …show more content…
Are there any goods that “can be produced by society in as much quantities as needed with little or zero effort? The answer is no, there aren’t. Robert J. Stonebraker in “the Joy of Economics” said: “We are surrounded by scarcity.” That means that all things around us are scarce. Non-economic goods are scarce too. Love, friendship, hope are limited too. But there is one thing that is not scarce in my opinion. It’s the love that comes from God. 1 John 4:9-11 says “In this the love of God was made manifest among us, that God sent his only Son into the world, so that we might live through him. In this is love, not that we have loved God but that he loved us and sent his Son to be the propitiation for our sins. Beloved, if God so loved us, we also ought to love one another.” God loves us unconditionally, which means He loves us for free. Is God’s love good? Yes, it is. Therefore, God’s love is a free good and it will never be …show more content…
Economics is the study of human’s decision-making. Why do we have to make decisions? We constantly have problems that need to be solved. For example, inequality in our society is a problem that economists always face. People have different opinions. Some people think everyone should be perfectly equal, others think that equal opportunities will be the solution. The resources are not distributed fairly. That’s why we need economics – to find a way how to use resources the right way and how to distribute them considering people’s needs and the fact that the resources are